Pattern Development offloads 79.8-MW wind farm in Montana
Pattern Energy Group Inc. has announced the acquisition of a 35 megawatt (MW) owned interest in the Stillwater Wind facility from Pattern Energy Group 2 LP. Stillwater commenced commercial operations in late October and is located in Stillwater County, Montana.
Pattern Energy acquired 51% of the class B interests in Stillwater for a total cash consideration of approximately US$23 million, and was funded using available liquidity. The Public Sector Pension Investment Board acquired 49% of the class B interests in Stillwater. Pattern Energy will operate the facility.
Stillwater has a 25-year power purchase agreement for 100% of the energy produced. Stillwater is utilizing a total of 31 Siemens Gamesa wind turbines comprised of five 2.3 MW turbines with 108 meter rotors and 26 2.625 MW turbines with 120 meter rotors. During each year of operations, the 80 MW facility will generate energy equal to the needs of more than 23,000 Montana homes.
Country updates
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November 24, 2018
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November 20, 2018
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